How Influencers Hype Crypto, Without Disclosing Their Financial Ties

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by Boo_Randy It seems the entire crypto space is nothing but scammers, touts, and fools waiting to be separated from their money. https://dnyuz.com/2022/05/27/how-influencers-hype-crypto-without-disclosing-their-financial-ties/ Logan Paul had a message for his six million Twitter followers: He was “all in” on a new cryptocurrency called Dink Doink. According to the project’s creator, Dink Doink investors would receive shares … Read more

The Biden Bowl! US Personal Savings Declines -65% YoY In April As Inflation Rages (Credit Card Debt Soars As Personal Savings Collapses)

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by confoundedinterest17 Americans’ Savings Rate Drops to Lowest Since 2008 as Inflation Bites. Yes, inflation really bites. In fact, as US inflation is near the 40-year high, US personal savings declined -65% YoY as consumers try to cope with rising prices. Its not only that personal savings is crashing in the face of inflation, revolving debt … Read more

Why The Western Economy Can’t Survive

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by Samuel Briggs via Kinesis In this week’s Live from the Vault, iconic financial commentator and life-long stockbroker, Bill Holter, joins Andrew Maguire to share his eye-opening examination of the West’s insurmountable debt. As the Fed’s money-printing tactics start to closely resemble a Ponzi scheme, the precious metals expert explains, with mathematical certainty, why the current system is destined for bankruptcy. … Read more

How Long Consumers Expect Inflation to Persist

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A New York Fed research paper said American consumers expect no relief from high prices in the near-term, believing the current bout of roaring inflation will keep percolating for the next twelve months before finally losing steam over a three-year horizon. A new analysis from the New York Fed found that U.S. consumers polled about their future inflation expectations said they … Read more

As Biden administration leans toward $10,000 in student loan forgiveness, advocates push back

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by Boo_Randy More fake news from the lapdog media. Brandon can’t “forgive” shit. He can only transfer non-performing student loans from the deadbeats to taxpayers – including hard-working blue collar workers who couldn’t AFFORD to go to college but are now saddled with the debts of the special snowflakes who got useless degrees and now … Read more

The Celsius Defi Ponzi scheme appears to be collapsing in a bank run. (Bad for butters, but also Canada’s second largest pension fund invested millions into it last year. )

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by DontMicrowaveCats Celsius is yet another Defi ponzi scheme lending program. Put in your stablecoins, get a high return indefinitely like a perpetual money machine. They offer up to 18% returns on tokens. https://celsius.network/earn Sometime around the Terra/Luna collapse a wave of liquidations begun. They’ve apparently already lost of billions of dollars, but still has more … Read more

No, Inflation Did Not Ease in April and I Have the Receipts (the official lies and distortions just keep coming)

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by Boo_Randy https://pjmedia.com/vodkapundit/2022/05/27/no-inflation-did-not-ease-in-april-and-i-have-the-receipts-n1601423 Good news, comrades! Your inflation ration for April decreased for the first time in a year — but only if you compare it to last April’s “unexpectedly” high inflation rate. The Wall Street Journal, where people used to go for better financial reporting than this, parroted the Fed’s shaky claim that consumer price … Read more

The savings rate dropped to its lowest level since September 2008.

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2/2 The falling savings rates are not the result of government transfers falling (i.e., social security, disability, welfare, Govt credits, "mailed money"). Income via the government sending money remains historical high. pic.twitter.com/sdNYEIvxbL — Jim Bianco (@biancoresearch) May 27, 2022 Credit Suisse, BofA Cut Value Stocks on Doubt Over Returns https://t.co/8YydtBXeiv — Bloomberg Markets (@markets) May … Read more

Gas Hits Staggering $4.60 Average

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Gas prices reached a nationwide average of $4.60 per gallon on Thursday as they maintain an upward climb with record-setting prices each day for more than two weeks straight, according to AAA’s gas tracker. Diesel fuel, critical for tankers, trains, trucks, and farming machinery remained high at $5.53 per gallon, just 3 cents shy of … Read more

How a crypto crash could spread to Treasury bonds and other fixed-income securities

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by Boo_Randy Looks like its dawning on the Powers that Be that a crypto crash could spread contagion throughout the financial system. Moms, start preparing your basements for when your lil’ baggies move back in. https://www.marketwatch.com/story/how-a-crypto-crash-could-spread-to-treasury-bonds-and-other-fixed-income-securities-11653639671?mod=mw_latestnews A cryptocurrency crash could have repurcussions well beyond crypto itself. Contagion could spread to the fixed-income market, and then … Read more

FINRA Alert! Notice of Filing of a Proposed Rule Change to Amend FINRA Rule 6730 to Enhance TRACE Reporting Obligations for U.S. Treasury Securities.

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by Dismal-Jellyfish Source (pdf) Notice of Filing of a Proposed Rule Change to Amend FINRA Rule 6730 to Enhance TRACE Reporting Obligations for U.S. Treasury SecuritiesComments due: 21 days after publication in the Federal RegisterAdditional Materials: Exhibit 2a, Exhibit 2b, Exhibit 2c, Exhibit 5 Submit Comments on SR-FINRA-2022-013 Similarly, both Citadel and MFA supported the proposed reporting timeframe reduction, but both recommended … Read more